Latest blogs for Specialisms

Changes in Inheritance Tax relief due to be introduced from 6 April 2026, including a restriction in 100% Agricultural Property Relief (APR) and Business Property Relief (BPR) to £1m, will substantially increase the Inheritance Tax due for many farming families.   To implement planning to reduce the tax due requires a full assessment of the…

What Is a Farmhouse? There is no legal definition of a farmhouse. Generally, the farmhouse should be the property in which the farmer lives and the center on which the farm is managed.   Looking at the whole farm helps determine whether the agricultural land is the dominant feature and therefore if the house is…

Planning Ahead in a Changing World As we write this edition of our Farming Newsletter we are still knee deep in Inheritance Tax (IHT) planning with our clients. There are many points to consider, and we dive straight into some IHT planning thoughts from one of our Corporate Tax Directors, Jeannette Hume. This is followed…

The Governments Making Tax Digital for Income Tax (MTD for IT) will finally begin from 6 April 2026, just 150 days away, when it becomes mandatory for landlords and the self-employed whose gross income is over £50,000 in the past tax year 2024/25, with the introduction of quarterly returns.   How Should You Be Getting…

At Whitings LLP we have many Trustee contacts that play such a vital role in the charities we act for and support.   Trustees play an essential role in the governance of charities, and have a strong personal commitment to the charity’s aims and objectives.   As part of Trustees’ Week, we want to take…

As charities face increasing demand and complexity, building strong, diverse, and resilient boards is essential, which makes the theme of this year’s Trustees’ week “Recruitment and retention” very fitting. As a starting point, always ensure to read the Governing document of your charity, to ensure the number of trustees doesn’t breach the rules, to check…

As Trustees week 2025 is upon us, we are today reflecting on information which will assist and support Trustees.   We are often contacted for general support and guidance, and following changes to the Charity Commission Annual Return questions, we are seeing many enquiries around the new questions appearing as Trustees file their accounts.  …

It’s Trustees Week 2025, the time of year when we celebrate the amazing contribution made by Trustees for their charities and recognise the difference they make. You can find out about this week’s range of events and access free guidance and resources at: www.trusteesweek.org   The resources include many free virtual and in-person events and…

Charities were in for a treat this Halloween with the new, highly anticipated Charities SORP 2026 being published on Friday 31st October 2025.   The new SORP comes into play for periods commencing 1 January 2026 onwards, therefore affecting most Dec-26 and Mar-27 year ends.   Key changes include a new three-tier reporting system based…

On Thursday 25th September, members of our farming group were deep in thought whilst attending the ICAEW Annual Farming Conference; the theme of the day being ‘Farming in an Uncertain Landscape.’   There were a variety of speakers on the day, and the virtual event provided a wide platform for professionals within the industry to…